EvenFound ICO and Token Sale Review
Evenfound is a totally decentralized exchange platform based upon its own blockchain. It hopes not only to mitigate losses due to security and liquidity issues which a centralized exchange may face, but to eliminate them entirely through its collateral backed deposit model.
About the Project
It is estimated that almost $2 billion has been lost over the last number of years by traders who held funds on or invested in projects and exchanges which either turned out to be illegitimate, encountered huge security breaches or ran into financial difficulties which resulted in the loss of investor funds.
With this project, Evenfound proposes a fully collateral based model where each deposit is even distributed throughout its network of master nodes. These will provide for as much as 100% annual return on investment and the network will be fueled by the EVEN currency itself.
How the EVEN platform will differ from other decentralized exchanges is that it will be operating entirely on its own block chain and also overcoming one of the major obstacles faced by other decentralized exchanges, transaction speed. EVEN offers a transaction speed of 100,000 operations per second. This is comparable to major payment processors such as VISA or MasterCard and huge increase on what is available currently.
They also offer very low commission fees and a reliable professional trading platform which is above all, safe and secure thanks to the collateral distributed storage integral to the model.
The presale of this ICO will be open until June 4th. During that period, 27,000,000 EVEN tokens will be distributed at a price of $0.10 per token with bonuses available of up to 50% depending upon time of purchase.
Moving into the main sale of the ICO which is scheduled from June 4th to August 3rd, there will be a total of 313,000,000EVEN tokens available at a bonus of up to 35%. The project has a softcap of $5,000,000.
Of the funds raised, 46% will be dedicated to marketing and attracting participants whilst 18% will go toward R&D. The expert team behind the project are hoping to launch a prototype by the second quarter of 2018.
The token is an ERC20 token which will be known by the symbol EVEN. There will be a maximum supply of 680,000,000 EVEN with 59% of this total being available through the ICO. Any unsold tokens during the ICO will be burned.
- Start Date2018-03-25
- End Date2018-05-25
- Payment MethodBTCETHLTC
- Total Supply680000000